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Q4. Meidrirn has found her dream house. The house price is RM 400000 and the required downpayrnent is RM 80000. The loan that Meidrim has

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Q4. Meidrirn has found her dream house. The house price is RM 400000 and the required downpayrnent is RM 80000. The loan that Meidrim has decided upon will be for 30 year with annual rate of 11% compunded monthly. Calculate the monthly payment that Meidrim has to pay. Hint: round % and interest factor to 4 decimal points)

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